Quote from: frostwind on July 10, 2013, 11:25:58 PM

The economics of buying ASIC miners from Butterfly Labs makes no sense. Considering that:
- They are extremely slow in shipping, 2 months or more meaning a year or 10. They are still trying to ship the June 23rd order from LAST YEAR
- No refunds, all payment upfront.

While they are busy using the rigs to "burn in testing", they are getting a lot of BTCs for themselves for sure while their customers are waiting for them to ship. So if they delay the order by 6 months or so, they would have earned 90% of the profit themselves. By the time their customers receive their last gen order, it'll be obsolete because their little 5GH/s unit cannot compete with new 500 GH/s or 1TH/s ASICs.

Furthermore there's no data on power consumption, meaning that the power consumption is likely very significant.

So stay away from ButterflyLabs and don't be the fish biting their hook!

Frizz23...is that you?

Meanwhile, my two Jalapeños (ordered toward the end of August) have already made over BTC4 in the three weeks or so I've had them. Even with the recent decline in the value of Bitcoin, they've already paid for themselves.

As for power consumption, I give you this. It is more than they predicted. That it is more than they predicted has been known for a few months already.